JM Financial Limited — Investor Meet, 10-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

JM Financial reported strong Q2 results with an operating PAT of INR270 Cr and record fees/commission of INR341 Cr, up 20% YoY. An interim dividend of INR1.5/share was declared.

The company is #1 in IPOs, boasting a massive INR120,000 Cr pipeline. Wealth Management AUM grew 26% to INR32,000 Cr, with SIPs surging 59% to INR115 Cr/month. Investments continue in this segment, targeting digital breakeven by FY27. Private Markets recovered INR1,273 Cr, aiming for a 3-4% ROA and 20% book growth. Affordable Home Loans AUM expanded 28% to INR3,031 Cr, doubling PAT. Management is confident in India's capital markets tailwinds, prioritizing strategic growth and balance sheet strength.